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| Baldi, Lucia; Vandone, Daniela; Peri, Massimo. |
| This paper analyzes the relationship between Global Wine Industry Share Price Indexes and composite stock market indexes using a Threshold Vector Error Correction Model (TVECM), aiming to investigate if investments in the wine sector play a role in determining financial risk and return to investors who include it in their portfolio. Whilst in most of the literature analyses the return of investments of fine wine, this paper places the focus to “normal” (i.e. non‐fine) wine, using data from the Mediobanca database covering companies in the wine industry listed on regulated stock market in France, US, Australia, Chile and China . The dataset cover the time period going from January 1, 2001, to the end of February 2009. The estimates of the TVECM lead to the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Wine sector; Stock Market; Threshold Cointegration; Agribusiness; Farm Management; Food Consumption/Nutrition/Food Safety; Production Economics; Research Methods/ Statistical Methods; Q11; G14; C32. |
| Ano: 2010 |
URL: http://purl.umn.edu/100506 |
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| Banterle, Alessandro; Peri, Massimo. |
| The paper considers six EU Nuts II regions (Lombardy and Tuscany for Italy, Rhone-Alpes and Paca for France, Catalunya and Murcia for Spain) and studies the processing sector of organic products, investigating its links with agriculture and the retailing sector. The choice of these regions is due to the fact that the analysis is linked to a European project concerning cohesion among Mediterranean countries. The purpose is to analyze the processing sector of organic products in terms of firm capabilities to perform a quality management strategy and to analyze the vertical coordination in the organic supply chains. The survey was carried out on a sample of 304 firms stratified on the basis of the six regions involved in the study. Results showed the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Organic products; Processing and retailing; Food quality; EU regions; Industrial Organization. |
| Ano: 2007 |
URL: http://purl.umn.edu/9426 |
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| Peri, Massimo; Baldi, Lucia. |
| In this paper we analyse the long-run relationships between vegetable oils prices and conventional diesel price in EU during the period 2005- 2007. We utilise recent developments on threshold cointegration approach to investigate if asymmetric dynamic adjusting processes exist among rapeseed oil, sunflower oil, soybean oil and diesel prices. The results suggest that the two-regime threshold cointegration model exist only in favour of rapeseed oil-diesel price pair. Therefore, this vegetable oil price adjusts rapidly to its long run equilibrium, determined by fossil diesel prices, in an asymmetric manner when the divergence between the two prices is above a critical threshold. Consequently, rapeseed oil seems to be particularly exposed to exogenous shocks... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Vegetable oils market; Biodiesel price; Threshold cointegration.; Marketing; Resource /Energy Economics and Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/43971 |
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